KIEV, Jan. 26 – Kashtan Petroleum JV, a joint venture of Sweden's Petrosibir, and UkrNafta have commenced the drilling of their third development well as partners in the Lelyaki oil field next to Poltava.

The well is in close proximity to pipeline infrastructure to allow rapid tie in.

A Petrosibir report issued on Monday says that well 304-A has a projected total depth of 2,015 meters. The net drilling cost is expected to be SEK 3 million (UAH 3.4 million).